E$9-8($Algo$)$ Calculating Direct Materials Variances $[$LO $9-3]$

Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows:

Parker Plastic had the following actual results for the past year:

Required:

Calculate Parker Plastic's direct materials price and quantity variances.

Note: Do not round Intermedlate calculatlons. Indlcate the effect of each varlance by selectlng $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($l$.$e$.,$ zero varlance$).$